It also positions you to work more effectively with lenders and partners who want to see a professional financial setup.How are others here organizing their finances?

My business partner is orange and white and likes to chase mice - she ran the numbers and the ARVs are solid.  

You definitely want a legal agreement that's forecloseable, getting as much front money as possible so that you're not just in a lurch with nothing if/when they default, and you should get better interest terms for "being the bank" AND I would qualify the buyer just the same as if they had to go to a bank, because you want to know who your partner is in this deal.

You would want to find a private money partner for this who wants in on the deal.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

This type of partnership will likely include managing partners and acquisition managers tasked with finding and structuring the deal.

The other thing to do is find a lender to partner with.

Clearly this structure has been discussed amongst prospective partners since "Mike the builder" has instructed the parties how the purchase agreement should be papered.  

instead of a lender try to find a capital partner and share the deals.. thats what I do provide money for JV's  works great its a win win.. your going to waste your time trying to find nothing down lenders.. unless you already have one that really loves you then its possible.

Quote from @Casi Rice: Marketing idea: find 1-2 trusted property management partners.